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But stock market investors have been trading on a knife’s edge, and any announcement coming from the Trump administration on tariffs has the ability to send stocks surging or tumbling. For example, stocks plunged Thursday after the Trump administration clarified the math it had already used to set China’s massive 145% tariff. The street had believed the tariff was 125%. The Dow sank sharply, at one point falling more than 2,000 points.

Despite Wednesday’s historic gain after Trump announced his detente, stocks remain well below where they were trading before the president presented his “Liberation Day” tariff plan on April 2.

Meanwhile, gold prices surged above a record high $3,200 a troy ounce on Friday. Gold is up more than 21% this year and just posted its best quarter since 1986. The yellow metal is considered a safe haven amid economic and political uncertainty.